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Reinsurance News – Friday 25th November 2016
25th November 2016
Here’s your daily Reinsurance News for Friday 25th November 2016: Protectionism hurts ability to close insurance coverage gap: Swiss Re Reinsurance giant Swiss Re recently highlighted how protectionist practices are having a detrimental impact on the ability of global insurers and reinsurers to close the protection gap. Pool ... Read the full article
Reinsurance News – Wednesday 23rd November 2016
23rd November 2016
Here’s your daily Reinsurance News for Wednesday 23rd November 2016: Re/insurance headwinds to persist, but growth expected in 2017: Swiss Re Headwinds in the global insurance and reinsurance industry are expected to persist in 2017, but growth in both emerging and advanced markets is also expected, according to reinsurance ... Read the full article
Reinsurance News – Tuesday 22nd November 2016
22nd November 2016
Here’s your daily Reinsurance News for Tuesday 22nd November 2016: Expected to be second-costliest year on record for Japan quake as magnitude 7.4 strikes coast Japan has been hit by another earthquake, which struck off the coast of the Fukushima prefecture, resulting in a tsunami warning for the region, ... Read the full article
Reinsurance News – Monday 21st November 2016
21st November 2016
Here’s your daily Reinsurance News for Monday 21st November 2016: Performance “really matters” for reinsurance ratings: Holzberger, A.M. Best According to A.M. Best's Chief Rating Officer, Stefan Holzberger, the capitalisation of reinsurers in the softening marketplace wont' be the main driver of ratings, but instead it's the performance of ... Read the full article
Reinsurance News – Friday 18th November 2016
18th November 2016
Here’s your daily Reinsurance News for Friday 18th November 2016: New Zealand quake estimated at up to $3.5bn industry loss The magnitude 7.8 earthquake that struck the southern island of New Zealand recently could cost the insurance and reinsurance industry as much as $3.5 billion, according to AIR Worldwide. ... Read the full article
Reinsurance News – Thursday 17th November 2016
17th November 2016
Here’s your daily Reinsurance News for Thursday 17th November 2016: Hannover Re to target emerging risks in India in Q1 2017 One of the world's largest reinsurance companies, Hannover Re, expects to start writing business in India during the first-quarter of 2017, and will focus on emerging risks in the ... Read the full article
Reinsurance News – Wednesday 16th November 2016
16th November 2016
Here’s your daily Reinsurance News for Wednesday 16th November 2016: Reinsurance to pay for some of NZ quakes, factors could complicate According to reports reinsurance is expected to pay for some of the damage caused by the recent earthquakes in New Zealand, as local insurers have low deductibles and the ... Read the full article
Reinsurance News – Tuesday 15th November 2016
15th November 2016
Here’s your daily Reinsurance News for Tuesday 15th November 2016: Argo Group buys Ariel Re for $235 million, advances strategic plan Bermudian insurer and reinsurer Argo Group has announced the acquisition of Ariel Re for $235 million in cash. The deal is subject to regulatory approval but is expected to ... Read the full article
Reinsurance News – Monday 14th November 2016
14th November 2016
Here’s your daily Reinsurance News for Monday 14th November 2016: New Zealand struck by magnitude 7.8 earthquake, damage reported Late Sunday evening, local New Zealand time, a magnitude 7.8 earthquake struck around 95km from Christchurch, causing a tsunami warning and was followed by a number of major aftershocks. Reinsurance industry ... Read the full article
Reinsurance News – Friday 11th November 2016
11th November 2016
Here’s your daily Reinsurance News for Friday 11th November 2016: Hurricane Matthew U.S. losses only 50% covered by insurance: Aon Reinsurance broker Aon Benfield's Impact Forecasting unit has said that hurricane Matthew's impact on the U.S. coast line is expected to have caused an economic loss of $10 billion, of ... Read the full article
Reinsurance News – Thursday 10th November 2016
10th November 2016
Here’s your daily Reinsurance News for Thursday 10th November 2016: Premiums down but net income up at Hannover Re in 2016 Reinsurance giant Hannover Re has released its results for the first nine months of the year, posting a group net income of €790 million, compared with €786 million a ... Read the full article
Reinsurance News – Wednesday 9th November 2016
9th November 2016
Here’s your daily Reinsurance News for Wednesday 9th November 2016: Low cat losses helps Munich Re's operating profit rise in Q3 Reinsurance giant Munich Re has released its Q3 results, posting a net income of €684 million, and €2.1 billion for the first nine months of the year. Low ... Read the full article
Reinsurance News – Tuesday 8th November 2016
8th November 2016
Here’s your daily Reinsurance News for Tuesday 8th November 2016: BTG Pactual close to sale of Ariel Re stake According to reports talks are underway to sell Grupo BTG Pactual SA's 50% stake in reinsurer Ariel Re, as it looks to exit a $1.3 billion venture with the Abu ... Read the full article
Reinsurance News – Monday 7th November 2016
7th November 2016
Here’s your daily Reinsurance News for Monday 7th November 2016: Operating profits up at Berkshire Hathaway in Q3, but underwriting profit falls Warren Buffett's Berkshire Hathaway saw operating profits increase by 6.6% in the third-quarter of 2016, totalling $4.85 billion, and reports suggest that Buffett is now holding more cash ... Read the full article
Reinsurance News – Friday 4th November 2016
4th November 2016
Here’s your daily Reinsurance News for Friday 4th November 2016: IAG adding to NZ quake reinsurance reflects ongoing loss creep It's been revealed that IAG New Zealand has extended its reinsurance cover to help pay for claims from the Canterbury quakes, purchasing $900 million of adverse development cover. Read the full article